Nylife Securities LLC

Broker Robert Devito in Nylife Securities LLC Firm Has Customer Complaint

December 4, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Robert Devito (Devito), currently associated with Nylife Securities LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Devito concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $9,798.59 on March 16, 2022.

Time Frame: Unspecified. The matter is comprised of 61 individual claimants with the same alleged allegations of unsuitable investments, excessive trading, and failure to supervise. RR covered services for 1 claimant in this matter.

Broker William Buikema in Nylife Securities LLC Firm Has Customer Complaint

December 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Buikema (Buikema), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Buikema recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 31, 2022.

Customer alleges that on January 24, 2022, 50 shares of TESLA Stock were sold without her authorization. Customer wishes to be made whole.

Broker Brian Clough in Nylife Securities LLC Firm Has Customer Complaint

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Clough (Clough), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Clough recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 13, 2022.

Customer alleges that in or around January 2022, he was misled regarding the impact of a partial withdrawal on the value of the Guaranteed Minimum Death Benefit of a Variable Annuity purchased in January 2005. Customer alleges that he was told that the death benefit was locked in.

Broker Ralph Owen in Nylife Securities LLC Firm Has Customer Complaint

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Owen (Owen), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Owen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $20,000.00 on April 18, 2022.

Customer alleges he communicated to RR Owen in or around November 2021 that his investment objective priority was safety of principal. He is disappointed that his March 2022 quarterly mutual fund statement shows an 8% market value loss.

There are Recent Customer Complaints with Broker Jeffrey Graff in Firm Nylife Securities LLC

November 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Graff (Graff), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Graff recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 25, 2022.

Customer’s attorney alleges that his client was misled when he purchased a variable annuity in January 2018. Customer has requested to terminate the annuity without incurring a surrender fee.

There are Recent Customer Complaints with Broker Prasanna Bhatia in Firm Nylife Securities LLC

November 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Prasanna Bhatia (Bhatia), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bhatia recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 27, 2022.

Customer alleges that in January 2016 and February 2016, she was misled regarding surrender charges when she purchased 2 variable annuities. She also alleges that she incurred a tax liability as a result of the recommendation to make changes to her mutual funds.

There are Recent Customer Complaints with Broker Stephen Presutti in Firm Nylife Securities LLC

November 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Presutti (Presutti), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Presutti recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,066.00 on April 28, 2022.

Customer alleges she was not informed that she would enter a new surrender charge period when she purchased this annuity in or around December 2016. Customer requests access to her full investment without incurring surrender charges.

There are Recent Customer Complaints with Broker Lynda Tucker in Firm Nylife Securities LLC

November 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lynda Tucker (Tucker), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tucker recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on May 11, 2022.

Customer alleges the Survivorship Variable Universal Life Insurance policy he purchased along with his wife in December 2001 was originally understood to include a rider that would pay a death benefit upon the passing of either insured. He states that he is now being told after his wife’s passing that the rider originally selected does not provide a death benefit but rather a waiver of the cost of insurance after the passing of the first insured, which is not consistent with his previous understanding.

Broker Pascal Nguyen in Nylife Securities LLC Firm Has Customer Complaint

November 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pascal Nguyen (Nguyen), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nguyen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on May 16, 2022.

In addition to the policy owner’s allegations concerning two unsuitable fixed annuity sales, the policy owner and her husband/beneficiary allege that the RR signed the husband’s name on a December 2015 letter of instruction and the policy owner’s initials on two fixed annuity documents in December 2014 and failed to disclose the tax consequences of reinvesting her IRA funds into the annuity.

There are Recent Customer Complaints with Broker Adam Peacock in Firm Nylife Securities LLC

November 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Peacock (Peacock), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Peacock recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on May 25, 2022.

Customer alleges that his specific instructions on July 18, 2021 to transfer the allocation of his Variable Annuities to conservative investments were not completed; resulting in market losses.